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Tag Archives: Guatemala

Guatemala – Calls for Congress to enact gambling laws

Guatemala’s Minister of Economy, Antonio Malouf, has urged Congress to implement Law 4294 on Games of Chance saying that it would bring in foreign investment and provide a boost to the tourist industry. “Other countries have managed to have a tourist industry and rely on gambling and cities like the well-known Las Vegas,” Malouf said….

Guatemala – Israeli investment could be key to new casino market in Guatemala

The Government of Guatemala has revealed that there is growing interest amongst Israeli businesses to invest in the gaming industry. The Israeli investors announced the creation of a private fund of US$2bn to invest in Guatemala last year, and one of the items of interest is the casino sector. According to local news portal Nómada…

Guatemala – Congresswoman wants new gaming laws in Guatemala

Congresswoman Nineth Montenegro has urged lawmakers to approve legislation, which would regulate betting in casinos, video lotteries and bingo halls. The request comes over growing fears that the industry is being used for money laundering and terrorist financing. In June 2017, The Intendancy of Special Verification (IVE), the nation’s financial intelligence unit, sent an official…

Guatemala – Initiative to regulate Guatemalan gaming makes progress

The Economic Committee of the Guatemalan Congress has issued a favourable opinion on an initiative that seeks to regulate gaming in casinos, video lotteries, and bingo halls. The bill seeks to create two regulatory bodies which would be responsible for the monitoring and control of the industry. The National Commission of Gaming (Comisión Nacional de…

Guatemala – Guatemala to create new Gaming Control Board

The Guatemalan government is looking at setting up a new Gaming Control Board, which would regulate the growing gaming industry in Guatemala. The Economic Committee of Congress is looking at ways to regulate lotteries, bingo halls and casinos and the new gaming control board would, according to the findings of the committee, be the best…